Properties / 16025 W ALAMEDA Road
FHA ASSUMABLERate: 6.39%

16025 W ALAMEDA Road

$507,900
Surprise, AZ 85387
3 beds3 baths2,040 sqftSingle Family
The assumable advantage
6.39%
FHA assumed rate
$95,817 interest already paid off
Estimated Loan Balance$464,153
Cash to close$43,208
Est. Monthly PITI$3,537
Initial Loan Amount$482,316
Time on site0 days
Remaining Term26 years, 11 months
Seller's equity (what you pay)
$43,747
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Discover this beautifully designed 3-bedroom, 2.5-bath home in Surprise, AZ offering 2,040 sq ft of modern living space plus a versatile enclosed den--perfect for a home office or flex room. The open-concept layout features a chef-inspired kitchen with oversized island, gas range, stylish upgraded finishes, and abundant cabinetry. Enjoy high ceilings, elegant architectural details, plank tile flooring, and generous storage throughout. The spacious primary suite includes a large walk-in closet. Step outside to a private backyard with ample space has room for a future pool. Located in a sought-after community with parks, resort-style pool, splash pad, walking trails, and easy access to Loop 303, shopping, and dining. Pet-friendly neighborhood. Seller is a licensed Realtor

How assumption works for this home

Can I assume this FHA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. FHA assumptions require you to use the home as your primary residence.

How much cash do I actually need?

You need to cover the seller's equity of $43,747. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.

How long does this take?

Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.

Property details

Bedrooms3
Bathrooms3
Square feet2,040
Property typeSingle Family
MLS #7080232
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

Payment & cash calculator

Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.

Est. mortgage payment (P&I)
$3,014/mo
Source est. payment (PITI)
$3,537/mo

P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.

Estimated equity gap$43,747

Asking price minus remaining loan balance. Closing costs are additional.

$0$43,747
Additional funds needed$0

The equity gap is covered. Closing costs and assumption fees still need to be confirmed.